People will always need to move, buy and sell real estate, regardless of market condition. However as a homeowner or property owner investor, you may not always be faced with an urgent need to get rid of a property so you must weight in the options and make a reasonable case for selling a property during bad housing markets or during a ‘buyer’s market’

One of the biggest factors to consider is whether or not you already have plans for those proceeds. Could you be wasting valuable time that could be used building faster equity or higher cashflows? If you have a home with good enough equity still, you can take advantage and sell your home for a profit and buy another home that gives you that stepping stone into higher values, better returns, etc. You’re buying in a down market. This is exactly what investors do and how normal every day families start building their generational wealth… by leveraging one home into two or three during a time of discounts. Who cares if your home is also down in value, as long as you are up from your original purchase, the market doesn’t affect you, what should drive your decision is whether or not the available equity can yield higher returns elsewhere or not.

If you think or hear that there’s a recession coming, you sell your home and then nothing happens but you have already reassigned your equity to another property that also didn’t decline and is now returning equity sooner than expected, pair that with forced appreciation through some rehab and you’d have very nicely taken advantage of a down turn in the housing market and have converted one home with some equity into an investment vehicle utilizing your equity for faster returns or higher cap rates and all hopefully for about the same monthly outlay.

For proper and honest home selling tips and guidance call 915-910-0908.

Continue reading, check out Saving Tips For Homeowners